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201503711.
<br />is payable to the order of Beneficiaries, and which by this reference is hereby made a part
<br />hereof, and any and all modifications, extensions and renewals thereof, and,
<br />b. Payment of all sums advanced by Beneficiaries to protect the Trust Estate, with
<br />interest thereon at the rate of three (3 %) percent per annum.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or further
<br />secure the payment and performance of any obligation secured hereby are referred to
<br />collectively as the "Loan Instruments ".
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />I. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal of,
<br />and the interest on, the indebtedness evidenced by the Note, charges, fees and all other
<br />sums as provided in the Loan Instruments.
<br />2. REAL ESTATE TAXES. Trustor shall pay the annual real estate taxes to the
<br />Hall County Treasurer before the taxes become delinquent and shall furnish tax receipts
<br />to Beneficiaries on or before May 1 and September 1 each year.
<br />3. INSURANCE. Trustor shall provide and pay the premiums on comprehensive
<br />general liability insurance covering the premises and protecting the Beneficiaries and
<br />Trustor from all claims, demands, lawsuits, and judgments arising out of injury to persons
<br />or damage to property occurring on each property. The coverage shall be in an amount
<br />of at least $300,000.00 single limit, $300,000.00 aggregate for bodily injury and property
<br />damage. The policy shall name Beneficiaries as an additional insured, and Beneficiaries
<br />shall be provided with a Certificate of Insurance or duplicate copy containing a thirty (30)
<br />day cancellation notice to Beneficiaries, showing the insurance to be in full force and
<br />effect at all times during the term of this Deed of Trust.
<br />4. ACTIONS AFFECTING TRUST ESTATE. Trustor shall appear in and contest
<br />any action or proceeding purporting to affect the security hereof or the rights or powers of
<br />Beneficiaries or Trustee, and shall pay all costs and expenses, including cost of evidence
<br />of title and attorney's fees, in any such action or proceeding in which Beneficiaries or
<br />Trustee may appear. Should Trustor fail to make any payment or to do any act as and in
<br />the manner provided in any of the Loan Instruments, Beneficiaries and /or Trustee, each
<br />in its own discretion, without obligation, may make or do the same in such manner and to
<br />such extent as either may deem necessary to protect the security hereof. Trustor shall,
<br />immediately upon demand therefor by Beneficiaries, pay all costs and expenses incurred
<br />by Beneficiaries in connection with the exercise by Beneficiaries of the foregoing rights,
<br />including, without limitation, costs of evidence of title, court costs, appraisals, surveys and
<br />attorney's fees. Any such costs and expenses not paid within ten (10) days of written
<br />demand shall draw interest at the default rate provided in the Note.
<br />5. EMINENT DOMAIN. Should the Trust Estate, or any part thereof or interest
<br />therein, be taken or damaged by reason of any public improvement or condemnation
<br />proceeding, or in any other manner including deed in lieu of Condemnation
<br />( "Condemnation "), or should Trustor receive any notice or other information regarding
<br />such proceeding, Trustor shall give prompt written notice thereof to Beneficiaries.
<br />Beneficiaries shall be entitled to all compensation and condemnation awards and other
<br />payments or relief therefor, and shall be entitled to make any compromise or settlement in
<br />connection with such taking or damage. All such compensation and condemnation,
<br />awards, damages, rights of action and proceeds awarded to Trustor (the "Proceeds ") are
<br />hereby assigned to Beneficiaries; and Trustor agrees to execute such further
<br />assignments of the Proceeds as Beneficiaries or Trustee may require.
<br />6. APPOINTMENT OF SUCCESSOR TRUSTEE. Beneficiaries may, from time to
<br />time, by a written instrument executed and acknowledged by Beneficiaries, mailed to
<br />Trustor and by otherwise complying with the provisions of the applicable law of the State
<br />of Nebraska, substitute a successor or successors to the Trustee named herein or acting
<br />hereunder.
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